.anthropic-thesis-page-module__mB3qbq__page{--thesis-ink:#0a0a0a;--thesis-body:#2e2e2e;--thesis-muted:#737373;--thesis-faint:#929292;--thesis-line:#e5e5e5;--thesis-line-strong:#d4d4d4;--thesis-grid:#ebebeb;--thesis-paper:#fff;--thesis-well:#f7f7f7;--thesis-canvas:#fafafa;--thesis-accent:#649be2;--thesis-accent-deep:#2f6ba8;--thesis-accent-wash:#dde9f7;--thesis-accent-wash-hover:#c8dcf4;--thesis-compare:#d1d1d1;--thesis-warn:#f75218;--thesis-red:#c23b3b;--thesis-ring:#a1a1a1;--thesis-radius:6px;--thesis-measure:700px;--thesis-gutter:20px;min-height:100svh;color:var(--thesis-ink);background:var(--thesis-paper);font-variant-numeric:tabular-nums;-webkit-font-smoothing:antialiased}@supports (color:lab(0% 0 0)){.anthropic-thesis-page-module__mB3qbq__page{--thesis-ink:lab(2.75381% 0 0);--thesis-body:lab(18.8% 0 0);--thesis-muted:lab(48.496% 0 0);--thesis-faint:lab(60.56% 0 0);--thesis-line:lab(90.952% 0 -.0000119209);--thesis-line-strong:lab(84.92% 0 -.0000119209);--thesis-grid:lab(93.04% .0000298023 -.0000119209);--thesis-paper:lab(100% 0 0);--thesis-well:lab(97.1% -.0000298023 -.0000119209);--thesis-canvas:lab(98.26% 0 0);--thesis-compare:lab(83.76% -.0000298023 0);--thesis-ring:lab(66.128% -.0000298023 .0000119209)}}.anthropic-thesis-page-module__mB3qbq__page ::selection{color:var(--thesis-paper);background:var(--thesis-ink)}.anthropic-thesis-page-module__mB3qbq__page :focus-visible{outline:3px solid color-mix(in oklab, var(--thesis-ring) 45%, transparent);outline-offset:2px;border-radius:var(--thesis-radius)}.anthropic-thesis-page-module__mB3qbq__mast{z-index:6;border-bottom:1px solid var(--thesis-line);background:color-mix(in oklab, var(--thesis-paper) 92%, transparent);-webkit-backdrop-filter:blur(8px);backdrop-filter:blur(8px);justify-content:center;align-items:center;gap:10px;height:60px;display:flex;position:sticky;top:0}.anthropic-thesis-page-module__mB3qbq__mastBrand{color:inherit;align-items:center;display:flex}.anthropic-thesis-page-module__mB3qbq__mastLogo{width:auto;height:20px;display:block}.anthropic-thesis-page-module__mB3qbq__mastDivider{background:var(--thesis-line-strong);width:1px;height:18px;display:block}.anthropic-thesis-page-module__mB3qbq__mastTitle{letter-spacing:-.025em;font-size:17px;font-weight:600;line-height:1}@supports (animation-timeline:scroll()){.anthropic-thesis-page-module__mB3qbq__mast{gap:14px;height:104px;animation:linear both anthropic-thesis-page-module__mB3qbq__mast-shrink;animation-timeline:scroll(root);animation-range:0 110px}.anthropic-thesis-page-module__mB3qbq__mastLogo{height:30px;animation:linear both anthropic-thesis-page-module__mB3qbq__mast-logo-shrink;animation-timeline:scroll(root);animation-range:0 110px}.anthropic-thesis-page-module__mB3qbq__mastDivider{height:26px;animation:linear both anthropic-thesis-page-module__mB3qbq__mast-divider-shrink;animation-timeline:scroll(root);animation-range:0 110px}.anthropic-thesis-page-module__mB3qbq__mastTitle{font-size:24px;animation:linear both anthropic-thesis-page-module__mB3qbq__mast-title-shrink;animation-timeline:scroll(root);animation-range:0 110px}}@keyframes anthropic-thesis-page-module__mB3qbq__mast-shrink{to{gap:10px;height:60px}}@keyframes anthropic-thesis-page-module__mB3qbq__mast-logo-shrink{to{height:20px}}@keyframes anthropic-thesis-page-module__mB3qbq__mast-divider-shrink{to{height:18px}}@keyframes anthropic-thesis-page-module__mB3qbq__mast-title-shrink{to{font-size:17px}}.anthropic-thesis-page-module__mB3qbq__progress{transform-origin:0;background:var(--thesis-accent);height:2px;display:none;position:absolute;bottom:-1px;left:0;right:0;transform:scaleX(0)}@supports (animation-timeline:scroll()){.anthropic-thesis-page-module__mB3qbq__progress{animation:linear both anthropic-thesis-page-module__mB3qbq__thesis-progress;animation-timeline:scroll(root);display:block}}@keyframes anthropic-thesis-page-module__mB3qbq__thesis-progress{to{transform:scaleX(1)}}.anthropic-thesis-page-module__mB3qbq__article{width:min(100%, calc(var(--thesis-measure) + 2 * var(--thesis-gutter)));padding:24px var(--thesis-gutter) 72px;margin:0 auto}.anthropic-thesis-page-module__mB3qbq__article p{color:var(--thesis-body);text-wrap:pretty;margin:0 0 14px;font-size:16.5px;line-height:1.6}.anthropic-thesis-page-module__mB3qbq__article b{color:var(--thesis-ink);font-weight:600}.anthropic-thesis-page-module__mB3qbq__h2{border-bottom:2px solid var(--thesis-ink);color:var(--thesis-ink);letter-spacing:-.015em;margin:40px 0 14px;padding-bottom:7px;font-size:20px;font-weight:650;line-height:1.25}.anthropic-thesis-page-module__mB3qbq__tldr .anthropic-thesis-page-module__mB3qbq__h2{letter-spacing:.12em;text-transform:uppercase;color:var(--thesis-accent-deep);border-bottom:0;margin:0 0 10px;padding-bottom:0;font-size:12px;font-weight:600}.anthropic-thesis-page-module__mB3qbq__kicker{color:var(--thesis-muted);letter-spacing:.14em;text-transform:uppercase;font-size:10px;font-weight:600;line-height:1.4}.anthropic-thesis-page-module__mB3qbq__subject{align-items:center;gap:8px;display:flex}.anthropic-thesis-page-module__mB3qbq__subjectMark{aspect-ratio:1;object-fit:contain;border-radius:5px;flex:none;width:24px;height:24px;display:block}.anthropic-thesis-page-module__mB3qbq__subjectTitle{color:var(--thesis-body);letter-spacing:-.015em;margin:0;font-size:18px;font-weight:600;line-height:1.2}.anthropic-thesis-page-module__mB3qbq__byline{color:var(--thesis-body);align-items:center;gap:7px;margin-top:8px;font-size:12px;font-weight:500;display:flex}.anthropic-thesis-page-module__mB3qbq__author{color:inherit;border-bottom:1px solid var(--thesis-line-strong);font-weight:600;text-decoration:none}.anthropic-thesis-page-module__mB3qbq__author:hover{color:var(--thesis-accent-deep);border-bottom-color:currentColor}.anthropic-thesis-page-module__mB3qbq__bylineSep{background:var(--thesis-line-strong);width:1px;height:11px;display:block}.anthropic-thesis-page-module__mB3qbq__avatar{object-fit:cover;border-radius:999px;width:22px;height:22px;display:block}.anthropic-thesis-page-module__mB3qbq__panel{border:1px solid var(--thesis-line);background:var(--thesis-paper);margin-top:20px}.anthropic-thesis-page-module__mB3qbq__tabs{border-bottom:1px solid var(--thesis-line-strong);display:flex}.anthropic-thesis-page-module__mB3qbq__tab{border:0;border-right:1px solid var(--thesis-line);background:var(--thesis-paper);min-width:0;color:var(--thesis-muted);font:inherit;text-align:left;cursor:pointer;flex:1 1 0;padding:11px 10px 9px;transition:color .15s,background-color .15s;position:relative}.anthropic-thesis-page-module__mB3qbq__tab:last-child{border-right:0}.anthropic-thesis-page-module__mB3qbq__tab:after{content:"";background:0 0;height:2px;position:absolute;bottom:-1px;left:0;right:0}.anthropic-thesis-page-module__mB3qbq__tab:hover{color:var(--thesis-ink)}.anthropic-thesis-page-module__mB3qbq__tab[aria-pressed=true]{background:var(--thesis-canvas);color:var(--thesis-ink)}.anthropic-thesis-page-module__mB3qbq__tab[aria-pressed=true]:after{background:var(--thesis-ink)}.anthropic-thesis-page-module__mB3qbq__tabName{letter-spacing:-.01em;margin-bottom:2px;font-size:12px;font-weight:600;display:block}.anthropic-thesis-page-module__mB3qbq__tabToday{color:var(--thesis-faint);font-size:10.5px;font-weight:500;display:block}.anthropic-thesis-page-module__mB3qbq__tab[aria-pressed=true] .anthropic-thesis-page-module__mB3qbq__tabToday{color:var(--thesis-muted)}.anthropic-thesis-page-module__mB3qbq__plotWrap{padding:30px 16px 18px}.anthropic-thesis-page-module__mB3qbq__plot{height:112px;position:relative}.anthropic-thesis-page-module__mB3qbq__track{background:var(--thesis-grid);border-radius:2px;height:20px;position:absolute;top:56px;left:0;right:0;overflow:hidden}.anthropic-thesis-page-module__mB3qbq__trackToday{background:#585858;background:lab(37.36% .0000149012 -.00000596046);transition:width .5s cubic-bezier(.4,.1,.2,1);position:absolute;top:0;bottom:0;left:0}.anthropic-thesis-page-module__mB3qbq__tick{z-index:2;background:var(--thesis-accent);width:2px;height:44px;box-shadow:0 0 0 1px color-mix(in oklab, var(--thesis-paper) 90%, transparent);transition:left .5s cubic-bezier(.4,.1,.2,1);position:absolute;top:44px}.anthropic-thesis-page-module__mB3qbq__tick[data-case=bear]{background:var(--thesis-red)}.anthropic-thesis-page-module__mB3qbq__tick[data-case=bull]{background:var(--thesis-accent-deep)}.anthropic-thesis-page-module__mB3qbq__tickCap{color:var(--thesis-accent-deep);letter-spacing:-.01em;white-space:nowrap;margin-bottom:6px;font-size:11.5px;font-weight:600;line-height:1.35;position:absolute;bottom:100%}.anthropic-thesis-page-module__mB3qbq__tick[data-case=bear] .anthropic-thesis-page-module__mB3qbq__tickCap{color:var(--thesis-red)}.anthropic-thesis-page-module__mB3qbq__tickCap i{color:var(--thesis-faint);font-size:10px;font-style:normal;font-weight:500;display:block}.anthropic-thesis-page-module__mB3qbq__tickCap[data-align=center]{left:0;transform:translate(-50%)}.anthropic-thesis-page-module__mB3qbq__tickCap[data-align=start]{left:4px}.anthropic-thesis-page-module__mB3qbq__tickCap[data-align=end]{right:2px}.anthropic-thesis-page-module__mB3qbq__axisMax,.anthropic-thesis-page-module__mB3qbq__axisToday{white-space:nowrap;font-size:10.5px;position:absolute;top:84px}.anthropic-thesis-page-module__mB3qbq__axisMax{color:var(--thesis-muted);right:0}.anthropic-thesis-page-module__mB3qbq__axisToday{color:var(--thesis-ink);font-weight:500;transition:left .5s cubic-bezier(.4,.1,.2,1);transform:translate(-50%)}.anthropic-thesis-page-module__mB3qbq__payoff{border-top:1px solid var(--thesis-line-strong);background:var(--thesis-well);padding:15px 16px 14px;color:var(--thesis-body)!important;margin:0!important;font-size:14px!important;line-height:1.7!important}.anthropic-thesis-page-module__mB3qbq__payoffKicker{color:var(--thesis-muted);letter-spacing:.1em;text-transform:uppercase;margin-right:7px;font-size:10px;font-weight:700}.anthropic-thesis-page-module__mB3qbq__payoff b{box-shadow:inset 0 -7px 0 var(--thesis-accent-wash);color:var(--thesis-ink);font-weight:600}.anthropic-thesis-page-module__mB3qbq__payoff b[data-tone=flat]{box-shadow:inset 0 -7px 0 color-mix(in oklab, var(--thesis-red) 13%, transparent);color:var(--thesis-red)}@media (max-width:560px){.anthropic-thesis-page-module__mB3qbq__plotWrap{padding:30px 12px 18px}.anthropic-thesis-page-module__mB3qbq__tickCap{font-size:10.5px}.anthropic-thesis-page-module__mB3qbq__payoff{font-size:13px!important}}.anthropic-thesis-page-module__mB3qbq__hl{-webkit-box-decoration-break:clone;box-decoration-break:clone;background:var(--thesis-accent-wash);box-shadow:inset 0 -2px 0 var(--thesis-accent);color:inherit;font:inherit;cursor:pointer;border:0;border-radius:2px;padding:0 2px;transition:background-color .15s;display:inline}.anthropic-thesis-page-module__mB3qbq__hl:hover{background:var(--thesis-accent-wash-hover)}.anthropic-thesis-page-module__mB3qbq__hl[aria-expanded=true]{background:var(--thesis-accent);box-shadow:inset 0 -2px 0 var(--thesis-accent-deep);color:var(--thesis-paper)}.anthropic-thesis-page-module__mB3qbq__evidence{border:1px solid var(--thesis-accent);background:var(--thesis-paper);margin:2px 0 13px;padding:12px 13px;animation:.22s ease-out 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0!important;font-size:10.5px!important;line-height:1.4!important}.anthropic-thesis-page-module__mB3qbq__chart{width:100%;height:auto;display:block}.anthropic-thesis-page-module__mB3qbq__drawLine{stroke-dasharray:520;animation:.7s ease-out forwards anthropic-thesis-page-module__mB3qbq__draw}.anthropic-thesis-page-module__mB3qbq__barTransition{transition:width .3s ease-out,height .3s ease-out,y .3s ease-out}.anthropic-thesis-page-module__mB3qbq__sources{margin-top:22px}.anthropic-thesis-page-module__mB3qbq__sourcesToggle{border:0;border-bottom:1px solid var(--thesis-line);width:100%;min-height:40px;font:inherit;cursor:pointer;background:0 0;justify-content:space-between;align-items:center;padding:0 0 8px;display:flex}.anthropic-thesis-page-module__mB3qbq__sourcesAction{color:var(--thesis-accent-deep);font-size:12px;font-weight:500}.anthropic-thesis-page-module__mB3qbq__sourceList{margin:0;padding:0;list-style:none;animation:.2s ease-out anthropic-thesis-page-module__mB3qbq__rise}.anthropic-thesis-page-module__mB3qbq__sourceRow{border-bottom:1px solid var(--thesis-line);color:var(--thesis-body);justify-content:space-between;gap:12px;padding:9px 0;font-size:13px;display:flex}.anthropic-thesis-page-module__mB3qbq__sourceRow:last-child{border-bottom:0}.anthropic-thesis-page-module__mB3qbq__sourceDate{color:var(--thesis-muted)}.anthropic-thesis-page-module__mB3qbq__model{margin-top:30px}.anthropic-thesis-page-module__mB3qbq__model>.anthropic-thesis-page-module__mB3qbq__kicker{margin:0 0 10px;display:block}.anthropic-thesis-page-module__mB3qbq__modelCard{border:1px solid var(--thesis-line);background:var(--thesis-paper);padding:11px 13px 13px}.anthropic-thesis-page-module__mB3qbq__modelHead{border-bottom:1px solid var(--thesis-line-strong);justify-content:space-between;align-items:center;padding-bottom:7px;display:flex}.anthropic-thesis-page-module__mB3qbq__modelUnits{color:var(--thesis-faint);text-transform:uppercase;letter-spacing:.04em;font-size:10px}.anthropic-thesis-page-module__mB3qbq__headlines{border:1px solid var(--thesis-line);background:var(--thesis-line);grid-template-columns:repeat(4,minmax(0,1fr));gap:1px;margin:8px 0 10px;display:grid}.anthropic-thesis-page-module__mB3qbq__headline{background:var(--thesis-well);flex-direction:column;gap:2px;padding:7px 9px;display:flex}.anthropic-thesis-page-module__mB3qbq__headline .anthropic-thesis-page-module__mB3qbq__kicker{letter-spacing:.1em;font-size:8px}.anthropic-thesis-page-module__mB3qbq__headline strong{letter-spacing:-.02em;font-size:17px;font-weight:600}.anthropic-thesis-page-module__mB3qbq__headline strong[data-accent=true]{color:var(--thesis-accent-deep)}.anthropic-thesis-page-module__mB3qbq__tableWrap{-webkit-overflow-scrolling:touch;overflow-x:auto}.anthropic-thesis-page-module__mB3qbq__modelTable{border-collapse:collapse;width:100%;min-width:600px;font-size:11px}.anthropic-thesis-page-module__mB3qbq__modelTable th,.anthropic-thesis-page-module__mB3qbq__modelTable td{border-bottom:1px solid var(--thesis-grid);text-align:right;white-space:nowrap;padding:3px 6px;font-weight:400}.anthropic-thesis-page-module__mB3qbq__modelTable th:first-child,.anthropic-thesis-page-module__mB3qbq__modelTable td:first-child{text-align:left}.anthropic-thesis-page-module__mB3qbq__modelTable thead th{border-bottom:1px solid var(--thesis-line-strong);color:var(--thesis-faint);letter-spacing:.1em;text-transform:uppercase;padding-bottom:4px;font-size:8px;font-weight:600}.anthropic-thesis-page-module__mB3qbq__modelTable tbody th{color:var(--thesis-ink)}.anthropic-thesis-page-module__mB3qbq__modelTable tbody td{color:var(--thesis-body)}.anthropic-thesis-page-module__mB3qbq__modelSection th{border-bottom:1px solid var(--thesis-line-strong);color:var(--thesis-faint);letter-spacing:.12em;text-align:left;text-transform:uppercase;padding:7px 6px 3px;font-size:8px;font-weight:600}.anthropic-thesis-page-module__mB3qbq__modelTable tr[data-total=true] th,.anthropic-thesis-page-module__mB3qbq__modelTable tr[data-total=true] td{color:#1f4fa8;background:#f1f5fd;font-weight:500}.anthropic-thesis-page-module__mB3qbq__modelShot{border:1px solid var(--thesis-line);border-radius:var(--thesis-radius);background:var(--thesis-paper);display:block;overflow:hidden}.anthropic-thesis-page-module__mB3qbq__modelShot img{width:100%;height:auto;display:block}.anthropic-thesis-page-module__mB3qbq__modelCaption{color:var(--thesis-muted)!important;margin:10px 0 0!important;font-size:12px!important;line-height:1.5!important}.anthropic-thesis-page-module__mB3qbq__download{border-radius:var(--thesis-radius);background:var(--thesis-ink);width:100%;height:52px;color:var(--thesis-paper);font:inherit;letter-spacing:-.005em;cursor:pointer;border:0;justify-content:center;align-items:center;margin-top:16px;font-size:14.5px;font-weight:600;text-decoration:none;transition:background-color .15s,transform .15s;display:flex}.anthropic-thesis-page-module__mB3qbq__download:hover{background:#000}.anthropic-thesis-page-module__mB3qbq__download:active{transform:translateY(1px)}.anthropic-thesis-page-module__mB3qbq__download:disabled{opacity:.7;cursor:progress}@keyframes anthropic-thesis-page-module__mB3qbq__rise{0%{opacity:0;transform:translateY(-5px)}to{opacity:1;transform:none}}@keyframes anthropic-thesis-page-module__mB3qbq__draw{0%{stroke-dashoffset:520px}to{stroke-dashoffset:0}}@media (min-width:640px){.anthropic-thesis-page-module__mB3qbq__page{--thesis-gutter:32px}.anthropic-thesis-page-module__mB3qbq__article{padding-top:36px}.anthropic-thesis-page-module__mB3qbq__subjectMark{width:28px;height:28px}.anthropic-thesis-page-module__mB3qbq__subjectTitle{font-size:24px}.anthropic-thesis-page-module__mB3qbq__byline{font-size:13px}}@media (max-width:560px){.anthropic-thesis-page-module__mB3qbq__headlines{grid-template-columns:repeat(2,minmax(0,1fr))}}@media 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